Zacks - Analyst Blog - Mar 15, 2010Bank of America Corporation (BAC)
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Zacks Investment ResearchThe auction of TCBI warrants follows the sale of Signature Bank's ( SBNY , Snapshot Report ) warrants on Thursday, Washington Federal Inc.'s ( WFSL , Analyst Report ) warrants on Wednesday and
Bank of America Corp.'s ( BAC , Analyst Report ) warrants in the previous week. The government received net proceeds of $11.2 million from the sale of Signature warrants, $15.4 million from Washington Federal warrants and a record $1.5 billion from the sale of
Bank of America warrants. The amount received from the auction of
Bank of America warrants exceeds $1.1 billion raised from the sale of Goldman Sachs ( GS , Analyst Report ) warrants earlier.
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The auction of TCBI warrants follows the sale of Signature Bank's ( SBNY , Snapshot Report ) warrants on Thursday, Washington Federal Inc.'s ( WFSL , Analyst Report ) warrants on Wednesday and <span class="company">Bank of America</span> Corp.'s ( BAC , Analyst Report ) warrants in the previous week. The government received net proceeds of $11.2 million from the sale of Signature warrants, $15.4 million from Washington Federal warrants and a record $1.5 billion from the sale of <span class="company">Bank of America</span> warrants. The amount received from the auction of <span class="company">Bank of America</span> warrants exceeds $1.1 billion raised from the sale of Goldman Sachs ( GS , Analyst Report ) warrants earlier.
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